IBM-based crypto-custodial service to be launched in March
New York investment company Shuttle Holdings will launch a beta version of the custodial service for digital assets based on a private cloud and IBM encryption technologies by the end of the month.

The participating companies will not store the tokens themselves, but will provide the tools for this to their customers. They can be banks, brokers, other custodians of assets, funds, family capital management units, and high-income investors.

IBM showed a solution that will be involved in the Shuttle Holdings service at the Think 2019 conference in February.

IBM's latest initiatives indicate that the company wants to join the formation of infrastructure for storing digital assets after it has developed blockchain with limited access and transactional service using Stellar technology.

The developers of the new service claim that they will not adopt the generally accepted model of “cold” storage. Together, they promise to create a solution that allows customers to quickly access assets and provide a compromise level of protection based on hardware security modules (HSM).